Intel (NASDAQ:INTC) Shares Up 2.8% - Still a Buy?

Key Points

• Intel shares increased by 2.8% to a trading price of $24.53, with a notable surge in trading volume, up 46% from the average session.
• Analyst consensus remains at a "Hold" rating, with target prices ranging from $22.00 to $25.00, indicating mixed sentiments regarding the company's future performance.
• Intel reported a quarterly earnings loss of ($0.10) per share, missing expectations despite a revenue increase, highlighting ongoing financial challenges for the firm.

Intel Corporation (NASDAQ:INTC - Get Free Report)'s share price shot up 2.8% during trading on Friday . The company traded as high as $25.13 and last traded at $24.53. 139,016,651 shares changed hands during trading, an increase of 46% from the average session volume of 95,105,578 shares. The stock had previously closed at $23.86.

Analysts Set New Price Targets

Several equities analysts have weighed in on INTC shares. Loop Capital assumed coverage on Intel in a research report on Monday, July 21st. They issued a "hold" rating and a $25.00 target price for the company. Mizuho raised their price objective on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Stifel Nicolaus upped their target price on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research note on Monday, July 21st. UBS Group increased their target price on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Morgan Stanley dropped their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus target price of $22.17.

Intel Stock Performance

The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm's fifty day moving average price is $21.72 and its 200-day moving average price is $21.51. The firm has a market cap of $111.15 billion, a price-to-earnings ratio of -5.34 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. Analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Intel in the second quarter valued at about $1,579,378,000. Nuveen LLC acquired a new position in Intel in the 1st quarter valued at about $538,430,000. Kingstone Capital Partners Texas LLC purchased a new stake in Intel during the 2nd quarter valued at approximately $345,245,000. Price T Rowe Associates Inc. MD raised its stake in Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after acquiring an additional 14,901,457 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in Intel during the 4th quarter worth approximately $289,752,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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